globehall.com globehall.com
Main :> About Us :> Place Your Link :> Security & Privacy :> Terms & Conditions :> Add Your Article
Search:   
Add URL
 
 

Academics & Learning

 

Sports

 

Hygiene & Health

 

Drink & Food

 

Automobile & Automotive

 

Estate & Realty

 

Fashion & Relationships

 

Companies & Business

 

Issues & News

 

Indoor Games

 

Computers & Software

 

Self Management

 

Jobs & Employment

 

Hotels & Travel

 

Medicine & Treatment

 

Technology & Science

 

Investment & Finance

 

Entertainment

 

Teens & Kids

 

Art & Creative

 

Garden & Home

 

Policies & Law

 

Shopping Online

 

People & Society

 

Main › Companies & Business › Import & Export Trade
 

United States Warn China in Trade Fight

 
Author: Vasily Klimko

The United States government criticizes China to resolve its rapidly growing trade deficit.

Deputy US Trade Representative Karan Bhatia said that their rival country can receive penalizing trade measures from the US government if they do not open up their market to American companies and if they do not treat US firms fairly. However, Bhatia did not imply that the US government would limit China's access to their market.

On the other hand, US Trade Representative Rob Portman has a different take on United States-China trade situation. Last week, he expressed that the US government will set up a task force that will monitor China's compliance with global trade policies. These policies focuses on implementing of intellectual property rights, easing up local industries, and carrying out vows to open the market to US companies.

According to Karan Bhatia, China has very much profited from their access to the US market, yet China is not doing their share as they continue in not giving US companies a level playing field in their markets. Furthermore, as said by some critics, low-priced Chinese products has already flooded the United States, which resulted in financial struggles of US competitors and job insecurity in the industrial parts of the country. The Chinese government is also reported to keep the yuan currency weak in order to increase their exports.

Last year, the trade deficit went to a record low of $725bn (414bn) because oil prices rose and demand for imports of every kind increased.

In order to pacify US citizens who might lose their jobs because of the trade deficit, US legislators have proposed laws to lower trade relations with China. The US government also gave stern warnings to China to revalue its currency, and impose tariffs on Chinese products that is already flooding the country.

Analysts say that United States government has limited options and they could not afford to get even with China because these actions could backfire at them.

In response to United States' stern warnings and criticisms, Chinese Foreign Ministry Spokesman Qin Gang expressed that the US plan to impose penalizing trade measures on them will not help ease their trade relations. He also said that such impositions will not also be favorable to the business interests of the United States.

At the moment, people are anticipating a resolution to this problem when Chinese President Hu Jintao visits Washington for talks with the US President in April.

Author Bio:
Vasily Klimko is a famous writer. Vasily likes to scribble articles about this topic.
You can search for this article using: import & export agents, export crating services, import services, export services
 
 
 

Related Articles

 
Learn How To Dress Up Your Presentation The Easy Way
 
Dealing with Patient Objections
 
Ten PC Tips for Communicating with a Diverse Audience
 
How to make Money Raising Earthworms
 
Copiers
 
Access to E-records by Taxing Authorities: A Case for Pakistan (Part I)
 
Don??t Be a Fool With Online Businesses
 
When Size Doesn't Matter
 
Making the Sale
 
Zone Cleaning vs. Team Cleaning - Which is For You?
 
 
 
   Main :> Security & Privacy :> Terms & Conditions
© 2008 www.globehall.com All Rights Reserved.